Approval of co. name

This query is : Resolved

Nitesh Parmar (Querist)
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02 January 2014 In case of approval of company name in form 1A the clause said that if signed by practicing professional only one name required, what does its actual meaning.

Ganeshbabu K

Ganeshbabu K (Expert)
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02 January 2014 if your form1A is signed by any practising professional what ever name you have shown in form 1A will be approved by MCA
.
.
however if it is simular to already existing company name objection will come later, and practicing professional held responsible
.
.

CS Adnan Shaikh

CS Adnan Shaikh (Expert)
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02 January 2014 There are two ways to file Form 1A.

1) not certified by practicing professional -

In this case you can give 6 names for the company in order of your preference. The form will be digitally signed only by the applicant.

2) Certified by practicing professional -
In this case you can give only one name for the Company. The form will be digitally signed by both, the applicant and practicing professional. Basically this option is provided because a practicing professional is an expert and will check the availability of the proposed name before signing the form. The chances of name getting allotted in this case is more. Also, the professional who has signed the form will be held responsible if later on it is found that the name was undesirable.

CS Adnan Shaikh

CS Adnan Shaikh (Expert)
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02 January 2014 In some cases it also happens that the form gets rejected/required resubmission, even if it is certified by practicing professional.

Nitesh Parmar

Nitesh Parmar (Querist)
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02 January 2014 but sir how the professional know whether name is available or not

Ganeshbabu K

Ganeshbabu K (Expert)
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02 January 2014 Can check through MCA portal
.
.
https://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=16

CS Adnan Shaikh

CS Adnan Shaikh (Expert)
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02 January 2014 By using the search facility on website of Ministry of Corporate Affairs. Refer the below link.

https://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=16

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